WASHINGTON: The United States (US) Department of Justice (DOJ) said Wednesday an agreement was reached in the alleged embezzlement of US$4.5 billion from Malaysia’s sovereign investment fund known as 1Malaysia Development Bhd, or 1MDB.The agreement is with Low Taek Jho, also known as Jho Low, members of his family and trust entities Low established. It includes a civil forfeiture of more than US$100 million.The DOJ said that prior to this agreement, more than US$1.4 billion in assets associated with the scheme was returned to Malaysia, American-based news agency United Press International (UPI) reported. “The Low Parties have also agreed to cooperate in the transfer to Malaysia of certain ot
Hence then, the article about doj recovers us 100 million civil forfeiture in 1mdb scheme was published today ( ) and is available onDaily Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( DOJ recovers US$100 million civil forfeiture in 1MDB scheme )